NEW YORK, Aug. 16, 2017 /PRNewswire/ -- S&P Global Market Intelligence , a leading provider of
multi-asset class research data and insights, today released its review of Q2 2017 13F filings by pure play hedge funds.
The quarterly S&P Global Market Intelligence Hedge Fund Tracker is an aggregate analysis of hedge fund equity ownership that
highlights hedge fund investments in specific stocks and sectors.
The latest Hedge Fund Tracker analysis shows the top funds managed approximately $154 billion in
equity holdings, down slightly from the $157 billion under management in Q1 2017. The total number
of equity positions held also fell slightly from 427 in Q1 to 423 in Q2, as hedge funds made a significant exit from the consumer
discretionary sector.
"Though overall equity holdings held relatively steady from Q1 to Q2, the investment mix shifted considerably among top hedge
funds who were net sellers in 6 out of the 11 sectors of the S&P 500," said Pavle Sabic, Head
of Market Development, S&P Global Market Intelligence. "We also see a great deal of divergence in strategy among top funds,
evidenced by the fact that Microsoft is both the most bought single stock among top funds and the third-most sold single stock
among top funds."
Following is a summary of findings in the Q2 2017 Hedge Fund Tracker:
- Top Funds Exit Consumer Discretionary: Hedge funds sold $3 billion in consumer
discretionary stock in Q2, led by $1 billion in sales of Nike stock. The healthcare sector saw
$1.4 billion in sales among top hedge funds and the information technology sector saw
$1.1 billion in sales by large funds.
- Microsoft Sparks Divergence Among Hedge Fund Buyers and Sellers in Tech Sector: Within the technology sector,
Facebook was the most-sold single stock with $1.5 billion in sales during Q2, followed by
Microsoft ($1.5 billion), Apple ($1.2 billion), and Alphabet
($1.1 billion). However, Microsoft was also the top buy among large hedge funds, with
$1.3 billion in new investment during the quarter.
- Biggest Buys: Hedge funds bought 18.1 million shares of Microsoft stock in Q2, for a total investment of
$1.3 billion. Other stocks receiving attention from hedge fund buyers were NXP Semiconductors
($1.2 billion), Baker Hughes ($1.1 billion), O'Reilly Automotive
($697 million), and Wells Fargo & Company ($659 million).
- Biggest Sells: Hedge funds sold 9.8 million shares of Facebook stock in Q2, totaling $1.5
billion. Other stocks seeing the largest sell-off among hedge funds were Humana ($1.3
billion), Microsoft ($1.2 billion), Alphabet ($1.1 billion),
and PayPal ($1.1 billion)
S&P Global Market Intelligence analyzes the latest quarterly 13F filings* to determine the top ten largest hedge funds
based on reported equity assets. Further analysis isolates the universe to pure-play hedge funds that focus on stock picks and
hones that universe further to isolate the hedge funds that overweight their biggest investments by capping the number of stocks
held at 100. S&P Global Market Intelligence performs this research quarterly in order to understand what the most
prominent hedge funds are buying, holding and selling. The firm develops the analysis through an examination of both
industry filings as well as Excel-based holding models, allowing clients to quickly spot global trends in asset category and
understand what some of the largest investors buying, selling and holding.
To view the full S&P Global Market Intelligence Hedge Fund Tracker, please click here.
About S&P Global Market Intelligence
At S&P Global Market Intelligence, we know that accurate, deep, and insightful data is vital. We integrate financial and
industry data, research and news into tools that help track performance, generate alpha, identify investment ideas, understand
competitive and industry dynamics, perform valuation and assess credit risk. Investment professionals, government agencies,
corporations and universities globally can gain the intelligence essential to making business and financial decisions with
conviction.
S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for
individuals, companies and governments to make decisions with confidence. For more information, visit www.spglobal.com/marketintelligence.
* DISCLAIMER
Form 13F Reports are required to be filed within 45 days of the end of a calendar quarter by institutional
investment managers with the U.S. Securities and Exchange Commission (SEC). An institutional investment manager is an
entity that invests in, buys or sells securities for its own account, or a natural person or entity that exercises investment
discretion over the account of any other natural person or entity. Only securities on the 13F list provided quarterly by the
SEC (13F Securities) are required to be included in Form 13F Reports. Therefore, Form 13F Reports may not reflect the most
current holdings of institutional investment managers because it is required that the 13F Report include only 13F Securities, is
filed on a lag, and some funds may not meet the filing thresholds or other requirements. In addition, because the 13F Reports are
as of the last date of the quarter, the 13F Report may not describe intra-quarter activity.
View original content with multimedia:http://www.prnewswire.com/news-releases/hedge-funds-exit-consumer-discretionary-sector-in-q2-sp-global-market-intelligence-quarterly-hedge-fund-tracker-finds-300505400.html
SOURCE S&P Global Market Intelligence